NEWS & NOTES
TARGET STORES COMPROMISE REPORTED
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NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownernership category.
Enhanced Online Security
At Fresno First Bank we are committed to making your online banking experience even more secure, thatís why weíve added an additional layer of security to the login process. You will now be asked to select a watermark image. When you see your private image, you can login with confidence knowing itís Fresno First Bankís trusted secure site. This will help ensure that your information is secure protecting you from fraud and identity theft.
How it works
Beginning May 2, 2012, upon access to Online Banking, you will be prompted to select a "Watermark" image from hundreds of images available. This image will then be displayed each time you login and will also be visable on each page you access. You may also be selected to re-establish 3 security questions. The rest of your online banking experience will remain exactly the same. If you do not see your selected image during your login process, you should discontinue the login process and call our representatives at (559) 439-0200.
Enhanced Online Security is just one more way to protect you from fraud and identity theft. Each time you login to Online Banking, the bank identifies you, and it lets you identify the bank using your private image.
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.